| Commentary

73 Termination

| Commentary

73 Termination

Before entering into the agreement the partners must be clear about their respective rights and liabilities on termination and the nature of partnership, and the implications of the joint and several liability of all the partners for the debts of the business. The need to deal with repairs and dilapidations, tenant right and improvements has already been mentioned1.

The impact of the Basic Payment Scheme2 on the farming industry and in particular the liability to cross-comply, together with greater than ever responsibility under current environmental legislation3 must also be recognised. The wholesale changes to the common agricultural policy and

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